Cyber Insurance

Protect your business from hidden digital risks

What is Cyber Insurance?

Cyber insurance helps protect businesses from the financial risk posed by cyber security threats such as ransomware and data breaches. It can cover a range of expenses, including incident response, data recovery, legal fees and potential liability claims. At Bishop Associates, we offer a comprehensive set of solutions created to help protect your business from the dangerous world of cyber risks.

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Protect your small business from costly technology-related losses with a comprehensive cyber policy. Get coverage you can count on from a trusted local insurance company.

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Why Do I Need Cyber Insurance?

Any business using computers to complete day-to-day tasks should consider cyber insurance a necessary coverage. In the last decade, cyber threats to business have changed dramatically. While the loss or disclosure of sensitive data used to be a company's primary concern in assessing their cyber risk, businesses are increasingly facing cyber risk that can threaten their operations and even their existence. Adding cyber insurance is a small cost, but the risk of not doing so can be devastating.

Superior Cyber Liability Coverage

Data & System Recovery

Costs to restore the computer system to the same level of functionality that existed prior to a cyber event and to restore, retrieve, repair, or reinstall electronic data or software damaged from a cyber event.

Business Interruption

Income loss and expenses incurred during the interruption or slowdown of operations caused by a cyber event at your business.

Business Interruption from Suppliers

Income loss and expenses suffered by the company due to a vendor or supplier experiencing a cyber event of their own.

Reputational Harm

Income loss incurred due to a cyber event becoming public and hurting the company's reputation.

Cyber Incident Response

Expenses to respond to a cyber event, including:

Legal Services
Computer Forensic Services
Notification of affected individuals and credit monitoring services
Public relations

Cyber Deception

Financial fraud, phishing attack loss, and telecommunications fraud loss sustained because of a social engineering event or impersonation attempt.

Cryptojacking

Malicious software that uses the computer's power and resources to mine for digital currency - this can interrupt your own operations, lead to huge electricity bills and shorten the life of your computers and other devices.

Comprehensive Insurance Solutions